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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,171 $ 1,688
Accounts receivable:    
From contracts with customers 1,274 1,180
Joint venture and other 196 150
Inventories 419 304
Other current assets 113 108
Total current assets 3,173 3,430
Property, plant and equipment:    
Total — at cost 41,023 36,771
Less: Reserves for depreciation, depletion, amortization and lease impairment 21,102 19,339
Property, Plant and Equipment — Net 19,921 17,432
Operating lease right-of-use assets — net 652 720
Finance lease right-of-use assets — net 90 108
Post-retirement benefit assets 655 685
Goodwill 360 360
Deferred income taxes 579 320
Other assets 1,121 952
Total Assets 26,551 24,007
Current Liabilities:    
Accounts payable 417 402
Accrued liabilities 1,942 2,102
Taxes payable 98 85
Current portion of long-term debt 23 311
Current portion of operating and finance lease obligations 346 370
Total current liabilities 2,826 3,270
Long-term debt 8,555 8,302
Long-term operating lease obligations 404 459
Long-term finance lease obligations 132 156
Deferred income taxes 784 608
Asset retirement obligations 1,377 1,186
Other liabilities and deferred credits 470 424
Total Liabilities 14,548 14,405
Hess Corporation stockholders’ equity:    
Common stock, par value $1.00; Authorized 600,000,000 shares. Issued 308,293,765 shares (2023: 307,158,272) 308 307
Capital in excess of par value 6,616 6,495
Retained earnings 4,500 2,318
Accumulated other comprehensive income (loss) (208) (134)
Total Hess Corporation stockholders’ equity 11,216 8,986
Noncontrolling interests 787 616
Total equity 12,003 9,602
Total Liabilities and Equity $ 26,551 $ 24,007